With the slump staggering into a third year, buyers are having trouble getting home loans because lenders are tightening credit standards, and the surge of mortgage defaults and foreclosures is adding.
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the new money and credit overwhelmingly found its way into the housing market, where artificially lax lending standards made excessive home purchases and speculation in homes seem to many. (because.
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Mortgage fraud wanes, but looser lending raises risks Government relaxes down payment rules Borrowers with bad credit. loans to finance a new home, so like their counterparts still in negative.
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Family-run newsagents and bakeries regularly go to the wall without a blink from the government, but when farmers do it tough, they are singled out for special treatment, writes Paula Matthewson. If.